Clifford Chance advised Griffis Residential on its first institutional capital raise, Griffis Premium Apartment Fund IV, which raised $407 million and closed on September 1, 2017. Griffis Residential’s new multifamily fund beat its target by more than $100 million.

“The successful launch of this debut institutional fund demonstrates our ability to advise first-time institutional sponsors, as well as established fund managers," said Clifford Chance private funds partner Roger Singer, who led a cross-practice team of US colleagues. "We were pleased to represent Griffis Residential on this important offering, which expanded its investor base beyond high-net-worth investors and family offices for the first time, winning commitments from a major college endowment, a large insurance company, a number of consultants and other advisors."